bhp include shovelanna in mine plan..., page-21

re: bhp include shovelanna in mine plan...(t4p) t4p

Here we go, don't know how we all missed this?? sophisticated investors read meticulously :P

taken from march 03 article 'Forrest must get the chop'

"A mine-gate arrangement would repeat the deal BHP has done with Perth's celebrated midnight peggers, Cazaly Resources. Remember, Cazaly is the mob that seized on Rio Tinto's failure to finalise on a deposit called Shovelanna and, as long as the WA Government approves the sudden change of ownership, will end up sitting on $300 million a year of iron ore.

Cazaly's chances of winning government support were made much stronger when BHP bought Shovelanna's output, to blend with other BHP ores and flog it, most probably, to China.

Taking Shovelanna's output is easy for BHP. The disputed deposit is but an extension of BHP's nearby Orebody 18, a mine which is only days away from starting production. So the grades and chemistry are right for blending. So right that BHP will include Shovelanna in its Orebody 18-mine plan."